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U.S. Bank tech spend up 12% to $513M

BankInovation

Bank made digital and operational investments during the fourth quarter as it focused on modernizing payments and technology. The $668 billion, Minneapolis, Minn. bank spent $513 million on technology and communication during Q4, up 12% year over year, according to its Q4 2023 earnings presentation.

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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

As a result, the company can architect all the elements of its operation from technology to process and its people from the ground up with insight from the current day. In the future, the company aims to provide more space as well as amenities and technology, among other plans. The Market.

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Kristen Larson joins Ballard Spahr’s Consumer Financial Services Group

CFPB Monitor

She is resident in the firm’s Minneapolis office. Kristen’s practice involves consumer, small business, and treasury management products and services; digital banking; emerging payments; servicing; innovative technology; information security; operations; marketing; and complex service contracts.

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60% of U.S. Bank Transactions Are Digital, COO Says

Bank Innovation

Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. But that doesn’t mean the Minneapolis-based bank is giving up on branches. Financial Services Conference this week. It has around 3,000 branches and 80% of its sales activity still takes place there Read More.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world.

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Airport Shop To Add Amazon’s Just Walk Out Tech At Newark, LaGuardia

PYMNTS

A Newark Airport store will start using Amazon’s Just Walk Out cashierless technology on March 16, just days after the company announced it was licensing the platform to retailers, according to reports on Wednesday (March 11). . OTG operates 350 restaurants and shops in 10 airports, including in Minneapolis, Washington D.C.,

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Amazon’s Great Infrastructure Expansion Rolls On — Now With A New Logistics IT Center

PYMNTS

The logistics IT center is slated for downtown Minneapolis and will reportedly create 100 new technology focused full-time positions. Amazon is always looking for the best and brightest software engineers to join our team,” said Dave Glick, VP of operations technology for Amazon.